Book profits in paper stocks, except A P Paper: Angel Broking

In a chat with ET Now, Shardul Kulkarni, Sr. Technical Analyst, Angel Broking, shares his investment ideas.

What is the call on paper companies?

In the case of paper companies, one thing we should all remember is that AP Paper as a company has been already sold, and the same valuations cannot be taken into consideration for other paper companies. The run up which you have seen in most of the other paper companies will die down in the next few trading sessions. So, I would advise profit booking if you have these particular stocks in your portfolios, and at least partially, profits should be taken off the table in case of all the other companies except for AP Paper.